World Business Lenders (WBL) is a New Jersey-based direct lender specializing in real estate-secured business loans. The company was founded in 2011 by Doug Naidus, the current CEO. All employees are guided by a strict code of business conduct and ethics in their interactions with customers and business partners.
WBL provides capital to small- to medium-sized businesses that can't get traditional funding. The company aims to make dreams a reality for passionate, goal-oriented entrepreneurs by unlocking equity in their real estate.
World Business Lenders funds are deposited into your business checking account as soon as the next business day after approval. This is incredibly fast compared to the several weeks it can take to get approved for and financed with an SBA loan or traditional business loan through a bank.
WBL’s corporate website displays case studies of past clients’ loan types and amounts, showing that it can work with a wide range of financing needs.
This includes consolidating business loans already in effect. One client was funded $250,000 to consolidate seven open Merchant Cash Account balances. Another client qualified for $150,000 to pay off prior lenders’ open cash advances requiring daily payments.
WBL financed a client with $600,000 to replenish needed business capital and provided bridge financing to another, enabling them to complete a contract.
Keep in mind that loans are subject to each lender’s eligibility requirements, proper documentation, underwriting guidelines, terms and conditions, and final approval.
While World Business Lenders shares case studies, it makes few general statements regarding a complete list of financial services and the eligibility requirements of those services. This may be especially problematic for first-time borrowers since most business lenders inform prospective borrowers of their application, approval, and loan disbursement process upfront.
Prospective borrowers are left in the dark regarding APR estimates, loan amount limits, minimum personal credit score and collateral required, and the amount of time in business.
For more information, you need to submit your contact information, including your name, email, and phone number.